November 15, 2021

Newsweek: Families Could Get $1,800 per Child Tax Credit, but Must Register Now

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The child tax credit was expanded under President Joe Biden’s American Rescue Plan in March in a bid to reduce child poverty. The Institute on Taxation and Economic Policy estimated it would benefit around 83 million children and significantly reduce child poverty in the U.S.

The latest round of the monthly child tax credit payments is scheduled to be distributed on Monday.

The enhanced child tax credit could be extended through 2022 under the Build Back Better Act that congressional Democrats are currently negotiating. Read more